Archived IMT (2009.08.18)
Neither US housing starts nor building permits in July could add on to the aggressive gains shown in June as Julys figures declined unexpectedly. US July PPI fell sharply in line with last weeks CPI plunge. The fragile rebound in risk appetite may be in jeopardy, especially as both EUR and GBP showed short-lived gains after unexpectedly strong ZEW and CPI. USDCADs support is well cemented at 1.0980, extending gains towards 1.1080s, but a deeper pullback in oil is required to see return towards 1.11. USDJPY failed at 95.27, now eyeing interim target at 94.30. Any pickup in risk appetite is likely to see USDJPY capped at 95.80, but our negative stance remains intact. Dow futures +40 pts on strong earnings from retailer Target. More active predictions on http://twitter/alaidi
Latest IMTs
-
Recession Metric & Tariff Marsh
by Ashraf Laidi | May 26, 2025 13:47
-
Bitcoin Maths رياضيات بيتكوين
by Ashraf Laidi | May 12, 2025 0:10
-
Gold Correction or Breakdown
by Ashraf Laidi | Apr 25, 2025 14:56
-
Forecaster App التطبيق الذي كنت تنتظره
by Ashraf Laidi | Feb 23, 2025 23:00
-
Charting gold storage in NY تحليل مخزونات الذهب في نيويورك
by Ashraf Laidi | Feb 21, 2025 19:45